Another December report and another dividend income record set! This report is coming a little late as we had a family health scare and my thoughts have been consumed with more important things than money. We received a good report and the threat has somewhat abated for the time being. Thank God!
December Dividend Income
One of the beautiful things about being a dividend growth investor is that you can take a few weeks from watching your investments without having to fear the sky is falling. I know my dividend stocks are still working hard for me and producing cash without any involvement from yours truly. Before writing this report, I hadn’t glanced at my holdings for a few weeks while I was busy with more important things. I do love dividend stocks.
Anyway, let’s get to it.
This month I received $1,086.74 in dividend income! On average, I was paid $24.15 from 45 different companies (really, 43 companies and 2 preferred shares funds)!! This month’s dividend income is a whopping 134.15% increase over December 2106. However, to put it into a much more modest perspective, it’s only a 5.73% increase compared to September 2017, my last big pay month.
This is clearly some fantastic growth compared to last December!!
Dividend Income - December 2017
Date Company Ticker Dividend Income 12/1/2017
Costco Wholesale Corporation
Ford Motor Company
J M Smucker Co
W W Grainger Inc
Discover Financial Services
Honeywell International Inc.
International Business Machines Corp.
Exxon Mobil Corporation
Home Depot Inc
HSBC Holdings plc
Stag Industrial Inc
Travelers Companies Inc
Realty Income Corp
Wells Fargo & Co
The Coca-Cola Co
Johnson & Johnson
Duke Energy Corp
Union Pacific Corporation
PowerShares Preferred Portfolio(ETF)
United Technologies Corporation
Emerson Electric Co.
UnitedHealth Group Inc
Unilever plc (ADR)
Main Street Capital Corporation
T. Rowe Price Group Inc
Here is a chart of my passive dividend income progress over the last 3 years.
The dividend portfolio has been updated.
2017 Dividend Income Wrap-up
This has been a remarkable year and my dividend income has seen some pretty impressive growth! The key to this year’s success was my 401k changing to a program that allowed me to make my own investments. This allowed me to really ramp up my dividend stock purchases.
This year I received a total of $5,758.37 in dividend income! This is a gigantic increase of 105.3% over 2016 total income of $2,804.02. I remarkably doubled my 2016 total dividend income this year! Not a small feat.
However, I do want to be clear, this was only made possible because I was able to invest a little over $185,000 this year. The yearly dividend income total was not raised because I made some magical investments. It’s because I added A LOT of capital this year.
Net Worth Report
I joined a new club this month. It’s taken a while, but they finally let me in 😉
Let’s do the numbers…
I’m finally beginning to bring my cash reserves back up after a few months of decline. We’ll need this cash as we’ll have some new doctor bills coming up. I can see why people make such a big deal about healthcare, it’s crazy expensive. I’m thankful that I have the cash available to spend on doctor and hospital bills and don’t have to stress about how to pay medical costs. That extra level of financial stress would be very tough to manage during difficult health times.
After some slightly rocky negotiations, rental property #1 will be sold in January. The sale proceeds will show in the January report and rental property #2 will become our only investment property.
Rental property #1 was netting us roughly $450 a month while it was rented. It’s sad to see it go, but the proceeds will be used to clear our primary home mortgage. The great news is that eliminating our mortgage will free up almost two thousand dollars a month that we can use to invest! That’s a trade I’m happy to make.
It has been a heck of a month and year. Dividend income is really starting to roll in now and I have crossed the one million net worth threshold.
I’m extremely grateful for the successes I’ve had in 2017. But more importantly, I’m happy for my family’s health and happiness. Without those things, money adds very little joy. My ultimate goal is to retire early and live off the cash flow generated from my dividend portfolio and rental propertie(s). However, that goal means nothing without having my family with me to share in that accomplishment.
I’ll continue to work hard this year and find the best dividend stocks I can. However, good values are becoming increasingly hard to find while this big bull market continues to roar. I hope we’ll see a solid correction soon so we can all find some decent values and put our cash to work.
How did you do this month? Did you also set a new monthly dividend income record?